Austrian traffic technology firm Swarco has announced the acquisition of the traffic technology division of Lacroix City-Mobility, strengthening its presence in France and Spain.
Lacroix City-Mobility consists of three companies that manufacture signal heads, controllers, variable message signs, and signs for passenger information, and also supply software for C-ITS and V2X communication.
The firm operates across three sites – two in France and one in Spain – and employees 120 people. In 2023, consolidated sales amounted to €27.3m.
“We have been successfully selling into the French market through esteemed partnerships for many years without having our own base in the country,” said Swarco CEO Michael Schuch. “The acquisition of Lacroix City-Mobility is a promising opportunity for us to amplify our presence in the French-speaking traffic technology markets, as well as in Spain.
“By uniting Lacroix City-Mobility’s expertise, geographic reach, and reputation with our market-leading ITS products, systems, and solutions, we are excited about the potential for substantial advancements,” added Schuch.
For Lacroix, the divestment was driven by the desire to refocus on its businesses with strong technological synergies in order to achieve its objective of becoming a global leader in industrial IoT solutions and electronic equipment for critical applications.
Vincent Bedouin, CEO of the Lacroix Group, added, “I am delighted with the sale to Swarco, which will enable the City-Mobility segment to achieve its full potential over the long term. This divestment will enable us to focus our energies on the markets in which we are best positioned to capture value, while supporting the group’s ambitions in terms of positive environmental impact.”
The acquisition is contingent upon the completion of all closing conditions. Both Swarco and Lacroix are “committed to meeting these conditions promptly to ensure a smooth transition and integration,” they noted.
